Best SIP Plans to Invest in India in 2024

Systematic Investment Plans (SIPs) have become a popular investment method for individuals looking to build wealth over time while managing risk. Through SIPs, investors can make regular, fixed investments in mutual funds, making it a disciplined approach to investing. This gradual investment method allows for cost averaging, helping investors mitigate the impact of market volatility. Choosing the best SIP plans depends on factors like risk tolerance, investment horizon, and financial goals.

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Best SIP Plans in India in 2024

In 2024, the best SIP plans in India offer great scope of returns, low expense ratios, and consistent performance. There is a wide range of SIP-based investment options available in Unit Linked Insurance Plans (ULIPs) today. Let us take a look at the list of best SIP plans to invest in 2024 in India:

Insurance Companies
Mutual Funds

Let us take a look at the list of best SIP plans to invest in 2024 in India:

Fund Name	3 Years	5 Years	10 Years
	Returns
Virtue II PNB Metlife	18.52%	25.05%	16.17% View Plan
Pure Equity Birla Sun Life	17.22%	21.05%	14.88% View Plan
Large Cap Equity Fund Tata AIA	17.9%	21.18%	14.59% View Plan
Grow Money Plus Fund Bharti AXA	14.55%	18.12%	13.96% View Plan
Pure Stock Fund Bajaj Allianz	17.06%	19.94%	13.92% View Plan
Diversified Equity Fund HDFC Standard	14.06%	17.07%	13.64% View Plan
Growth Super Fund Max Life	14.61%	16.77%	12.47% View Plan
Equity Fund SBI	14.29%	15.89%	11.83% View Plan
Bluechip Fund ICICI Prudential	12.66%	15.22%	10.96% View Plan
Growth Plus Fund Canara HSBC Oriental Bank	12.31%	13.29%	10.15% View Plan

Returns updated as of Nov 2024

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Details of Top ULIP-Based Best SIP Plans

A ULIP is a market-linked investment option. These best SIP plans in India combine the benefits of life insurance with the potential for market-linked returns through investing in mutual funds. You can invest in these high-return best investment plans and earn significant gains at the end of the tenure of your plan. Here are the details of the top best SIP plan funds for 5 years sorted as per annualised returns.

PNB MetLife Virtue II Fund

Objective: PNB MetLife Virtue II Fund aims to generate long term capital appreciation by investing in diversified equities of companies promoting healthy lifestyle and enhancing quality of life.
- NAV: ₹73.66 (as of 12 November 2024)
- Benchmark: NIFTY 100
- Returns:
  - 5-Years: 25%
  - 10-Years: 16.4%
- Fund Manager: Mr. Amit Shah
Birla Sun Life Pure Equity Fund

Objective: Birla Sun Life Pure Equity Fund aims to provide long-term wealth creation by actively managing portfolios through investment in selective businesses. It will not invest in businesses that provide goods or services in gambling, lottery/contests, animal produce, liquor, tobacco, entertainment like films or hotels, banks and financial institutions
- NAV: ₹75.27 (as of 12 November 2024)
- Benchmark: Crisil Liquid(10),Nifty 50(90)
- Returns:
  - 5-Year Returns: 21.1%
  - 10-Year Returns: 15%
- Fund Manager: Mr. Sameer Mistry (Equity), Mr. Shivraj Gupta (Co-Fund Manager)
Tata AIA Large Cap Equity Fund

Objective: Tata AIA Large Cap Equity Fund aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity-linked securities.
- NAV: ₹71.42 (as of 12 November 2024)
- Benchmark: NIFTY 50 Index
- Returns:
  - 5-Year Returns: 21.4%
  - 10-Year Returns: 14.9%
- Fund Manager Name: Mr. Rajeev Tewari
Bajaj Allianz Pure Stock Fund

Objective: Bajaj Allianz Pure Stock Fund aims to specifically exclude companies dealing in gambling, contests, liquor, entertainment (films, TV etc.), hotels, banks and financial institutions.
- NAV: ₹153.81 (as of 12 November 2024)
- Benchmark: NIFTY 50
- Returns:
  - 5-Year Returns: 19.90%
  - 10-Year Returns: 14.30%
- Fund Manager Name: Mr. Jamil Ansari
Bharti AXA Grow Money Plus Fund

Objective: Bharti AXA Grow Money Plus Fund aims to provide long-term capital appreciation by investing across a diversified high-quality equity portfolio.
- NAV: ₹67.45 (as of 12 November 2024)
- Benchmark: NIFTY 100 Index
- Returns:
  - 5-Year Returns: 18.3%
  - 10-Year Returns: 14.2%
- Fund Manager Name: UMA Venkatraman
HDFC Standard Life Diversified Equity Fund

Objective: HDFC Standard Life Diversified Equity Fund aims to generate long-term capital appreciation by investing in high-potential companies across the market cap spectrum while taking active asset allocation calls in Equity, government securities, Money Market Instruments, Cash etc.
- NAV: ₹40.43 (as of 12 November 2024)
- Benchmark: S&P BSE 100
- Returns:
  - 5-Year Returns: 17.2%
  - 10-Year Returns: 13.7%
- Fund Manager: Mr Priyank Singhal
Max Life Growth Super Fund

Objective: Max Life High Growth is primarily equity-oriented by ensuring at least 70% of the Fund corpus is invested in equities at all times. The remaining is invested in debt instruments across government, corporate and money market papers.
- NAV: ₹80.62 (as of 12 November 2024)
- Benchmark: NIFTY 50
- Returns:
  - 5-Year Returns: 16.7%
  - 10-Year Returns: 12.6%
- Fund Manager: Mr Saurabh Kataria (Equity), Mr Naresh Kumar (Fixed Income)
SBI Equity Fund

Objective: SBI Equity Fund aims to provide high equity exposure targeting higher returns in the long term.
- NAV: ₹202.17 (as of 12 November 2024)
- Benchmark: NIFTY 50
- Returns:
  - 5-Year Returns: 16%
  - 10-Year Returns: 12%
- Fund Manager: Mr. Gopikrishna Shenoy and Mr. Dharmesh Gandhi

Here is a list of the mutual fund schemes for best SIP plans to invest in 2024:

Fund Name	5 Years	10 Years	RSI
	Returns
Active Fund QUANT	27.62%	23.96%	21.08%
Large and Mid Cap Fund QUANT	23.27%	22.69%	19.64%
Flexi Cap Fund PARAG PARIKH	23.90%	20.22%	20.15%
Large and Mid Cap Fund EDELWEISS	20.32%	18.01%	16.76%
Equity Opportunities Fund KOTAK	20.22%	18.98%	17.44%
Large and Midcap Fund MIRAE ASSET	21.11%	24.56%	23.01%
Flexi Cap Fund PGIM INDIA	21.48%	-	15.13%
Flexi Cap Fund DSP	19.48%	17.73%	15.82%
Emerging Equities Fund CANARA ROBECO	18.91%	22.92%	20.84%
Focused fund SUNDARAM	18.22%	16.55%	15.16%

RSI=Returns Since Inception. Returns Updated as of Nov 2024

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Details of Mutual Fund Schemes for Best SIP Plans

Key details for selecting the best SIP plans in Mutual Fund Schemes are as follows:

Quant Active Fund - Direct

Quant Active Fund is an open-ended equity fund that aims to generate long-term capital appreciation. This SIP plan makes investments in equity securities, mainly in the chemicals and material sectors.

Features of Quant Active Fund - Direct:
- Investment Type: Multi Cap (mix of large, mid & small companies)
- Fund House: Quant Mutual Fund
- Age: 11 years 8 months (launched Jan 2013)
- Minimum Investment: ₹1000 SIP, ₹5000 lump sum
- Expense Ratio: 0.58% (slightly higher than average)
- NAV (Net Asset Value): ₹715.527 (as of 29 November 2024)
- AUM: ₹10530.63 Crs
- Benchmark: Nifty 500 Multicap 50:25:25 TRI
Quant Large and Mid Cap Fund - Direct

The Quant Large and Mid Cap Fund is a multi-cap mutual fund scheme launched by Quant Mutual Fund on December 12, 2006. This best SIP plan invests in a combination of large-cap and mid-cap companies with the primary objective of seeking capital appreciation and providing long-term growth opportunities.

Features of Quant Large and Mid Cap Fund - Direct:
- Type: Large & Mid Cap (focuses on larger and mid-sized companies)
- Fund House: Quant Mutual Fund
- Launched: January 2013 (18 years 8 months old)
- Minimum Investment: ₹1000 SIP, ₹5000 lump sum
- Expense Ratio: 0.61% (competitive within a category
- AUM: ₹3708.99 Crs
- NAV (Net Asset Value): ₹128.5425 (as of 29 November 2024)
- Benchmark: Nifty Large Midcap 250 TRI
Parag Parikh Flexi Cap Fund - Direct

PPFAS Mutual Fund came up with a Flexi-cap equity scheme on May 13, 2013. Currently, the Assets Under Management (AUM) of this best SIP plan are of Rs. 48,294 crores and an expense ratio of 0.76%, which is slightly more than Quant Fund.

Features of Parag Parikh Flexi Cap Fund - Direct:
- NAV: ₹86.7639 (as of 29 November 2024)
- 5-year return: 27.66%
- Assets under management (AUM): ₹81918.72 Cr (as of 29 November 2024)
- Fund house: Parag Parikh Asset Management Pvt Ltd
- Expense Ratio: 0.63% (Direct)
- Minimum SIP amount: ₹1,000
- Benchmark: NIFTY 500 TRI
Edelweiss Large and Mid Cap Fund - Direct

The Edelweiss Large and Mid Cap Fund is an open-ended equity scheme that invests in both large-cap and mid-cap stocks. The focus of this SIP plan is on quality businesses, and liquidity management provides some stability, while its potential for good growth adds appeal.

Features of Edelweiss Large and Mid Cap Fund - Direct:
- NAV: ₹101.096 (as of 29 November)
- SIP Minimum: ₹500
- Expense Ratio: 0.45% (Direct)
- Performance:
  - 5-Year Return: 26.60% (annualised)
  - Since Inception Return: 18.34%
- Assets under Management: ₹3645.23 Crs
- Fund Manager: Trideep Bhattacharya
Kotak Equity Opportunities Fund - Direct

The Kotak Equity Opportunities Fund is an open-ended mutual fund offered by Kotak Mahindra Mutual Fund. This is the best SIP plan that offers a blend of large and mid-cap exposure with the potential for good returns. However, its higher risk profile and potential for volatility require careful consideration before investing.

Features of Kotak Equity Opportunities Fund - Direct:
- Type: Multi-cap equity fund
- Fund House: Kotak Mahindra Asset Management Company Ltd
- Fund Manager: Arjun Khanna and Harsha Upadhyaya
- NAV: ₹383.187 (as of 29 November 2024)
- SIP Amount: ₹500 minimum
- Benchmark: NIFTY Large Midcap 250 TRI
- Expense Ratio: 0.47% (Direct)
- AUM: ₹25034.05 Crs
- Performance:
  - 5 Year Returns: 26.49%
  - Since Inception Returns: 19.06%
Mirae Asset Large and Midcap Fund - Direct

The Mirae Asset Large and Midcap Fund is a popular SIP plan for investors seeking a blend of stability and growth potential through diversification into both large and mid-cap stocks.

Features of Mirae Asset Large and Midcap Fund - Direct:
- Fund House: Mirae Asset Mutual Fund
- Launch Date: November 17, 2005
- Benchmark: NIFTY Large Midcap 250 TRI
- NAV: ₹163.952 (as of 29 November 2024)
- Asset Under Management (AUM): ₹38166.21 Crs (as of 29 November 2024)
- Minimum Investment: Rs. 5,000 for lump sum and Rs. 1,000 for SIP
- Expense Ratio: 0.59% (Direct plan)
- 5 Year Returns: 25.83%
- Fund Manager: Ankit Jain
PGIM India Flexi Cap Fund - Direct

PGIM India Flexi Cap Fund is an equity diversified, flexi-cap fund launched in October 2009 by PGIM India Mutual Fund. This best SIP plan invests in a mix of large-cap, mid-cap, and small-cap stocks, depending on where the fund manager sees the most potential for growth.

Features of PGIM India Flexi Cap Fund - Direct:
- NAV: ₹40.69 (as of 29 November 2024)
- Launch Date: February 11, 2015
- SIP Amount: Start with ₹500 or more
- Expense Ratio: 0.5% (Direct plan)
- 5 Year Returns: 21.27%
- Benchmark: NIFTY 500 TRI
- Fund Manager: Anandha Padmanabhan Anjeneyan, Puneet Pal and Vinay Paharia
- Assets under Management (AUM): ₹6337.68 Crs (as of 29 November 2024)
DSP Flexi Cap Fund - Direct

DSP Flexi Cap Fund is an equity diversified, flexi-cap fund launched in June 2007 by DSP Mutual Fund. This is the best SIP plan that invests in a mix of large-cap, mid-cap, and small-cap stocks, depending on where the fund manager sees the most potential for growth.

Features of DSP Flexi Cap Fund - Direct:
- Fund house: DSP Mutual Fund
- Launch Date: January 1, 2013
- NAV: ₹112.653 (as of 29 November 2024)
- Minimum SIP amount: ₹500
- Expense ratio: 0.67%
- 5-year return: 24.13%
- 10-year return: 16.27%
- Benchmark: NIFTY 500 TRI
- Assets under management (AUM): ₹11788.58 Crs
- Fund manager: Dhaval Gada and Rohit Singhania

Choose the Best SIP Plans

5 YEARS SIP Plans

Returns upto 19%

7 YEARS SIP Plans

Returns upto 18%

10 YEARS SIP Plans

Returns upto 16%

12 YEARS SIP Plans

Returns upto 14%

15 YEARS SIP Plans

Returns upto 15%

20 YEARS SIP Plans

Returns upto 15%

ULIP vs Mutual Fund: When to Choose ULIPs and When to Choose Mutual Funds

Investors are always confused about how to choose between ULIP and mutual funds-based investment plans, as both these SIP investment options offer different benefits.

To choose between ULIPs and mutual funds depends on your priorities.

If your primary goal is wealth creation with flexibility and potentially higher returns, mutual funds are the way to go. They offer diverse options for short, medium, and long-term goals, with varying risk levels and easy entry and exit.
However, if you also seek life insurance coverage and prefer a long-term, disciplined investment approach, ULIPs can be a good fit. They provide a safety net for your loved ones while building wealth.

Ultimately, the best choice depends on your individual financial needs, risk tolerance, and investment horizon.

Feature	When to choose ULIPs	When to choose Mutual Funds
Main goal	Insurance + Investment	Investment Only
Good for	Building wealth with life cover Need less stress during market volatility	Seeking higher potential returns Have knowledge and expertise to manage market volatility
Consider if	Need life insurance along with good investment returns	want separate life cover
Investment horizon	5 years to long-term	Short-term to Long-term
Risk	Moderate to high	Generally higher

When to choose ULIPs?

Looking for medium to long-
term investment
horizon

Want to grow wealth while
securing family future

Have a low to medium
risk appetite

You want to save on
your taxes

Want less stress during market
volatility

When to choose Mutual Funds?

A short-term or a
medium-term investment horizon

Want to only grow wealth

Have a high or medium
risk appetite

Want high liquidity with no tax
saving

Have knowledge & expertise to
manage market volatility

View Plans

Why Invest in Best SIP Plans in 2024?

One of the most common reasons why people are attracted to investing in the best SIP plans is the inculcation of regular savings habits in small and regular intervals.

Investment of small amounts

You can make regular deposits in SIPs with an investment amount as low as Rs. 500 or even Rs. 100, which is why it is considered one of the best investment plans. The amount of investment under the chosen SIP plan is not a barrier, making it easy and approachable to the masses.

Rupee cost averaging

As we know that the equity market is volatile in nature, rupee cost averaging helps you to purchase more units of the best SIP plan when the prices are low and less when the market is booming. SIPs are beneficial for investors who purchase more units at lower price rather than fewer units at high prices.

Option to run multiple SIPs

An SIP plan allows you to invest in a variety of assets rather than putting all your bets on 1 or 2 funds. The choice of assets and best SIP plan, if made wisely, can be very beneficial for investors seeking high long-term growth.

Flexibility

The best SIP plans provide you with an option to start and stop your SIP at your wish. SIP offers great flexibility even if the invested amount is low.

Important Points to Remember Before Investing in Best SIP Plans 2024

Start Investing Early in SIPs: You must start investing early to earn high returns in the long term and gain more benefits from the chosen best SIP plan. The longer the tenure of investing, the higher the returns.

Understand Your Financial Needs: Identify your financial goals, whether it's retirement planning, children's education, or a down payment on a house. This will help you choose the right SIPs and investment horizon.

Invest in Different SIPs for Particular Goals: Don't put all your eggs in one basket. Diversify your portfolio by investing in SIPs with different risk profiles and asset classes to match your specific goals.

Assess Your Risk Appetite: Everyone has a different risk tolerance. Choose SIPs that align with your risk appetite to enjoy worryless investing.

Choose the Right Fund Type: There are various SIPs available, each with its own investment objective and risk level. Choose SIPs that invest in assets like equity, debt, or hybrid, depending on your goals and risk profile.

Consider the Expense Ratio: The expense ratio is the fee charged by the fund house for managing your SIP. Choose SIPs with a lower expense ratio to maximise your returns.

Start Small and Invest Regularly: You don't need a huge amount to start investing in SIPs. Start small and invest regularly to build a disciplined savings habit.

Be Patient and Stay Invested: Investing is a long-term game. Don't get discouraged by market fluctuations. Stay invested and be patient to reap the rewards of compounding.

Summing It Up

SIPs offer you the best investment plans for building a large corpus by making little-by-little investments over a long period. These plans can be bought and invested in anywhere and by anyone. Disciplined investing, diversification of risk portfolios, and rupee cost-averaging benefits are the best features of the SIP investment plans. Choose the best SIP plans discussed in this article and make your choices intelligently.

Frequently Asked Questions

Which SIP is best for 1 year?

A list of best SIP plans that have been performing well in India over the past year:

Tata AIA Top 200 Fund
Aditya Birla Multiplier Fund
Quant Tax Plan Direct-Growth
PGIM India Midcap Opportunities Fund
ICICI Prudential Gilt Fund Direct-Growth

Which SIP is best for 10 years?

Here are the best SIP plans that have consistently performed well over the past 10 years and could be good options for you to consider:

Mirae Asset Large Cap Fund
ICICI Prudential Opportunity Fund
HDFC Small Cap Fund
DSP Small Cap Fund
Quant Active Fund

Which SIP is best for the highest return?

The list of some top-performing best SIP plans that are based on recent returns and other factors is as follows:

HDFC Life Opportunities Fund
Tata AIA Whole Life Mid Cap Equity Fund
Quant Small Cap Fund
Nippon India Small Cap Fund
Parag Parikh Flexi Cap Fund

Can you get a 20% return in SIP?

Yes, you can get 20% return from investing in an SIP plan, but it is not guaranteed and depends on several factors:

Investment horizon
Risk tolerance
Fund selection
Market conditions

Insurer Name	Best performing Fund Name
TATA AIA Life	Top 200 Fund
MAX LIFE	High Growth Fund
HDFC STANDARD	Discovery Fund

Best SIP Plans to Invest in India in 2024

Best SIP Plans in India in 2024

Details of Top ULIP-Based Best SIP Plans

PNB MetLife Virtue II Fund

Birla Sun Life Pure Equity Fund

Tata AIA Large Cap Equity Fund

Bajaj Allianz Pure Stock Fund

Bharti AXA Grow Money Plus Fund

HDFC Standard Life Diversified Equity Fund

Max Life Growth Super Fund

SBI Equity Fund

Details of Mutual Fund Schemes for Best SIP Plans

Quant Active Fund - Direct

Features of Quant Active Fund - Direct:

Quant Large and Mid Cap Fund - Direct

Features of Quant Large and Mid Cap Fund - Direct:

Parag Parikh Flexi Cap Fund - Direct

Features of Parag Parikh Flexi Cap Fund - Direct:

Edelweiss Large and Mid Cap Fund - Direct

Features of Edelweiss Large and Mid Cap Fund - Direct:

Kotak Equity Opportunities Fund - Direct

Features of Kotak Equity Opportunities Fund - Direct:

Mirae Asset Large and Midcap Fund - Direct

Features of Mirae Asset Large and Midcap Fund - Direct:

PGIM India Flexi Cap Fund - Direct

Features of PGIM India Flexi Cap Fund - Direct:

DSP Flexi Cap Fund - Direct

Features of DSP Flexi Cap Fund - Direct:

Choose the Best SIP Plans

ULIP vs Mutual Fund: When to Choose ULIPs and When to Choose Mutual Funds

Why Invest in Best SIP Plans in 2024?

Investment of small amounts

Rupee cost averaging

Option to run multiple SIPs

Flexibility

Maximum Returns at Minimum Investment with Best SIP Plans

Important Points to Remember Before Investing in Best SIP Plans 2024

Summing It Up

Frequently Asked Questions

Which SIP is best for 1 year?

Which SIP is best for 10 years?

Which SIP is best for the highest return?

Can you get a 20% return in SIP?

Which SIP plan is best for beginners?

Which SIP is best for 1 year?

Should I invest in a lump sum or SIP?

What happens if we cancel a SIP?

Which is the safest SIP to invest?

Can I withdraw SIP anytime?

Is SIP tax-free?

Does SIP Investment offer tax benefits in 2024?

What are the maximum and minimum amounts that can be invested in SIP in 2024?

How can I start SIP Investment in 2024?

Which one is the best SIP plan in 2024?

Which is the best SIP to invest in 2024 for 1000 per month?

Is SIP better than FD?

Is SIP a risk?

SIP plans articles